Contraceptive Drugs Market insights report expects the industry to register 6.60% CAGR during the forecast period, 2022 to 2030, with a market value of USD 19.4 billion in 2030.
Contraceptives drugs refers to the medicines that are used to prevent unwanted pregnancy. Contraceptives drugs consists of one or more synthetic female sex hormones, if they contain both estrogen and progestin are known as combined oral contraceptives (COC) and if they contain only progestin are known as progestin-only contraceptives (POP). Both of them have different pattern to prevent pregnancy, combined oral contraceptives (COC) which includes both estrogen and progestin, restrain the normal process of releasing egg from an ovary (ovulation) and by altering the lining of the uterus in result it is unable to support a fertilized egg. Whereas in progestin-only contraceptives (POP) mainly just change the viscosity of mucus and thin the endometrium. The factors which drive the market of contraceptives drugs are increasing need of population controls and increasing prevalence of sexually transmitted diseases.
Global Contraceptive Drugs Market – Overview
The global contraceptive drugs market is showing the moderate growth; mainly due to increase to avoid unwanted pregnancies and their complication. Moreover, increasing incidence of STIs and the rapid increase in population. Most of the countries around the world are facing the issues of unintended pregnancy by adolescents, especially in developing region.
Companies are showing much interest toward the contraceptive drugs market, as they feel there are huge opportunities and gaps between the market demand and supply of effective drugs. Thus, companies are investing more into research and development activities to introduce better drugs in the market.
Many companies such as, Merck & Co., Inc, Pfizer Inc, Teva Pharmaceutical Industries Ltd., Bayer AG, Allergan plc, Janssen Global Services llc., Mankind Pharma Ltd. , Piramal Enterprises Ltd, and Reckitt Benckiser Plc are working to introduce best drugs in the market. All these development help market to get quality drugs and fulfil unmet requirement.
Global Contraceptive drugs Market -Regional Analysis
The market of contraceptive drugs is much higher in the Americas region owing to increasing awareness among the people and high incidence rates of abortion.
Europe is also considering the huge market for contraceptive drugs players, owing to the increasing government support and awareness about healthcare industries, and well-developed technology. Moreover, companies from these regions are more into export to the developing region which increase the market share around the globe.
Asia Pacific and the Middle East and Africa region are considering the big market. Whereas country like India and China of Asia Pacific region are considering fastest growing region due to the high rate of incidence of teen pregnancy. According to WHO, adolescent birth rates is 45 births per 1000 women in South-Eastern Asia and 7 births per 1000 women in Eastern Asia. Additionally, they are open to adopt new treatment option from a developed country, this gap between the developed and developing countries will present significant growth opportunities for the contraceptive drugs market players in the coming years.
Market Players
Merck & Co., Inc (U.S.), Pfizer Inc (U.S.), Teva Pharmaceutical Industries Ltd. (Israel), Bayer AG (Germany), Allergan plc. (Ireland), Janssen Global Services llc. (U.S.), Mankind Pharma Ltd. (India), Piramal Enterprises Ltd (India), Reckitt Benckiser Plc (U.K), Church & Dwight (U.S.), The Female Health Company (U.S.), Mayer Laboratories (U.S.), Cooper Surgical (U.S.) are some of the leading players at the cutting edge of the competition in the Contraceptive drugs market outlook report, globally.
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Recently published a report entitled Contraceptive Market projected till 2026, added by Value Market Research, covers key players along with their market share and strategic development adopted by them.
Further, the report provides market size, share, trends, outlook and forecast based on historical data coupled with drivers, restraints, and opportunities.The broad Contraceptive market has been sub-grouped into product and end-user.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
This detail will lead to a focused approach leading to identification of better opportunities.Request a FREE Sample Copy of Contraceptive Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/contraceptive-market/download-sampleBy ProductDrugsContraceptive Pills/ Combined Hormonal Contraceptives (CHCS)Male Contraceptive PillsFemale Contraceptive PillsTopical ContraceptivesContraceptive InjectableOthers (Contraceptive Gels, Jellies And Creams)Medical DevicesMale Contraceptive Devices (Condoms)Female Contraceptive DevicesFemale CondomsIntrauterine DevicesHormonal IUCDCopper IUCDContraceptive SpongesContraceptive DiaphragmsContraceptive PatchesSub-Dermal Contraceptive ImplantsNon-Surgical Permanent Contraceptive DevicesContraceptive Vaginal RingsBy End UserHospitalsHome careClinicsAmbulatory Surgical CentersThe report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the contraceptive market includes Actavis, Inc., Bayer HealthCare AG, Church & Dwight, Co., Inc., CooperSurgical, Inc., Mayer Laboratories, Inc., Medicines360, Medisafe Distribution Inc, Merck & Co., Inc., Pace Pharmaceuticals Inc., Pfizer, Inc., Reckitt Benckiser plc, Teva Pharmaceutical Industries Limited.
